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15813 Knollview Dr Tampa, FL 33624

4 Beds 3 Baths 2,244 sqft Built 1979

INVESTimate

$389,900

List Price

$2,060

$1,854 - $2,266

Rent Est.

$414,581  ( +6.33%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $173.75
  • 3 Days on Market
  • MLS # : T3261056
  • Updated Date : 08/24/2020 at 22:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,244 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dennis Realty & Inv. Corp.

Listing Agent's Description

Welcome to your new amazing home! Pride of ownership exudes in every inch. Take just a few steps inside your front door to the beautiful kitchen, complete with stainless appliances, wood cabinets with slide out drawers, granite counters, and a spacious island! Plenty of storage space is nearby with a large pantry and two spacious closets in the entryway. Plan your next party while you're grabbing a snack at the breakfast bar or watch the kids play in the family room with this open design. Large living and dining room combo are steps from the kitchen. Just outside your large screened patio you will find the most tranquil backyard! Cozy up by your huge fire pit, enjoy some time on the spacious deck, just enjoy nature while you sway on the comfortable swing or take a relaxing soak in your hot tub. Yard is completely fenced and backs up to Northdale Park. Let the kids visit the park - just open your gate! Back inside, go upstairs to your large master suite. The room has a great view of the shaded backyard, a large closet and a huge walk-in closet, both complete with great built-ins! Bathroom has been lovingly remodeled, with lots of great new features. Vanity is through a partition from bedroom, with perfect lighting and stone counter. Just inside the door, you will find another stone vanity with toilet and tub. The other three bedrooms are just down the hall and all have wood floors and great closet space. The second full bathroom is also down the hall. This bathroom has also been lovingly remodeled with great new features. Has amazing dual vanities with stone counters! Your garage has plenty of space for two cars or a workshop. Even the flooring has been redone with a cool checkerboard pattern in the vinyl tile. Your laundry room is just off the family room, with plenty more storage space. The beautiful remodeling, amazing natural light and perfect location make this home a definite MUST SEE! Book your appointment today!

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MARKET HIGHLIGHTS

  • Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
  • #8 in America's Fastest Growing Cities (Forbes, 2018)
  • Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
  • One of the best cost-friendly American cities to do business (KPMG)
  • Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
  • 2nd Best City for Young Entrepreneurs (Forbes)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Northdale

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k343k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Northdale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Claywell Elementary School Primary Regular 781 60 6
Hill Middle School Middle Regular 870 52 6
Gaither High School High Regular 2,090 117 5

Claywell Elementary School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 60
6
GreatSchools Rating

Hill Middle School

  • Education Level: Middle
  • # of students: 870
  • # of teachers: 52
6
GreatSchools Rating

Gaither High School

  • Education Level: High
  • # of students: 2,090
  • # of teachers: 117
5
GreatSchools Rating
 

$350,910$428,890$389,900

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,439
Property Tax -$479
Property Insurance -$166
HOA -$4
Property Management Fees -$80
CASH FLOW
-$108

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$389,900

PROJECTED PRICE

$2,060

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.33%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$23,343

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,060

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,261

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,0003$2,0604$2,2005$2,355
$2,355
RENT COMPS ANALYSIS
  • 15813 Knollview Dr Tampa, 3
    • 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.92
    •  
  • 4212 Autumn Leaves Dr Tampa, 1
    • 4 beds 3 baths ∙ 1,940 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,940 Sqft ∙ Built 1978
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.93
    •  
  • 15026 Southfork Dr Tampa, 2
    • 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1985
    LEASED 06/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
  • 4210 Grainary Ave Tampa, 4
    • 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 1981
    LEASED 07/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.03
    •  
  • 4403 Willowrun Ln Tampa, 5
    • 4 beds 2 baths ∙ 2,133 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,133 Sqft ∙ Built 1978
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,355
    • $1.10
    •  
PROPERTY LISTING DETAILS
Kelley Hunter
1.813.679.0997
Dennis Realty & Inv. Corp.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3261056
Last Updated: 08/24/2020
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